406 Payne Lane, Spring City, TN 37381
Valley Dale Sub · Rhea County
Key Facts
Description
Welcome to this charming 3-bedroom, 1-bath home offering space, flexibility, and room to grow. Situated on a rare double lot, this property delivers both comfort and opportunity with plenty of outdoor space for entertaining, expansion, or simply enjoying the extra elbow room. Inside, you'll find a functional layout with an upstairs room that presents a prime value-add opportunity--easily convertible to include a second bathroom, creating additional convenience and equity potential. The dedicated ''man cave'' is ready for game day or weekend gatherings, complete with a pool table that conveys with the home. Step outside to enjoy the above-ground pool, which is ready for a refresh with a new liner--offering the perfect chance to customize and make it your own just in time for summer. Whether you're a first-time buyer, investor, or someone looking for space with upside potential, this property checks the boxes for lifestyle and long-term value.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
House
Year Built
1983
Living Area
2,236 sq ft
Lot Size
2.00 acres
Lot Dimensions
134x313x123x310
Days on Market
75
MLS® Listing#
20260827
Property Features
- Interior:
- Other
- Exterior:
- Rain Gutters
- Appliances:
- Dishwasher, Electric Cooktop
- Cooling:
- Ceiling Fan(s), Central Air
- Heating:
- Natural Gas, Central
- Fireplace:
- Wood Burning, Wood Burning Stove
- Basement:
- Crawl Space
- Pool:
- Above Ground
- Parking:
- Off Street
- Laundry:
- Laundry Room
- Patio:
- Deck, Porch
- Fencing:
- Fenced
- Lot Features:
- Secluded, Cleared
- Construction:
- Wood Siding
- Foundation:
- Block
- Roof:
- Shingle
- Windows:
- Aluminum Frames
- Other Structures:
- Workshop, Shed(s), Outbuilding
- Community:
- None
- Utilities:
- Water Connected, Electricity Connected
- Sewer:
- Septic Tank
- Water Source:
- Private, Well
Schools
- Elementary:
- Spring City
- Middle:
- Spring City
- High:
- Rhea County
HOA & Tax
- HOA:
- None
- Annual Tax:
- $657
- Parcel #:
- 025 00141 000
Directions
From 1st Street, head toward Church Street and turn left onto Church Street. From there, turn right onto Inman Street East and continue straight as it transitions into Inman Street West. Next, turn right onto Keith Street NW and proceed straight before turning left onto 25th Street. Turn right onto US-27 North, then make a right onto Rocky Springs Road. Take a slight right onto Muddy Creek Road, followed by a right onto Payne Lane. The property will be located on the right.
Affordability Calculator
$69,000
Estimated monthly payment
$1,836/mo
Principal $276,000 · Est. interest $385,045 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Spring City, TN
- $459,852
- Median Listing Price
- 56
- Median Days on Market
- 2,084
- Median Sq Ft
- $222
- Median Price / Sq Ft
- 1,367
- Active Listings
- This home’s price is 25% below the area median.
- Its price per sq ft is 31% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Spring City, TN.
Location
- 406 Payne Lane, Spring City, TN 37381
Nearby Schools
Spring City Elementary School
Elementary · 3.2 mi away
Spring City Middle School
Secondary · 3.9 mi away
Pine View Elementary
Elementary · 10.7 mi away
Meigs North Elementary
Elementary · 11.0 mi away
Rhea County High School
Secondary · 11.7 mi away
Rockwood Middle School
Secondary · 12.5 mi away
Rockwood High School
Secondary · 12.5 mi away
Crab Orchard Elementary School
Elementary · 13.9 mi away
Meigs Middle School
Secondary · 14.0 mi away
Meigs County High School
Secondary · 14.3 mi away
Midway High School
Secondary · 15.1 mi away
Midway Middle School
Secondary · 15.1 mi away
Midway Elementary School
Elementary · 15.3 mi away
Homestead Elementary School
Elementary · 15.7 mi away
Harriman Pentecostal Lighthouse Church
School · 16.1 mi away
Frank P Brown Elementary
Elementary · 16.6 mi away
Midtown Educational Center
Secondary · 16.8 mi away
Rhea County Academy
School · 17.4 mi away
E K Baker Elementary School
Elementary · 17.5 mi away
Midtown Elementary School
Elementary · 17.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Moving Cost Estimate
EXIT Agents in Spring City
Listing Courtesy: eXp Realty - Cleveland - 8885195113